The Stephenson National Bank & Trust has named Greg Salmen as its next president and CEO.
He is the 11th person to serve as SNBT president since the bank was formed in 1874.
“We are extremely pleased to have Greg Salmen step into this role after many years of succession planning and preparation for this leadership transition,” said Daniel J. Peterson, former SNBT president and current executive chairman. “He has been a part of the SNBT leadership team for nearly 22 years and during that time he has helped cultivate customer relationships and shape employee culture. With his comprehensive banking background and wealth of experience, Greg is the ideal candidate to lead this 150-year-old financial institution into the future.”
Salmen joined SNBT in 2002 as senior vice president and trust manager. Throughout his tenure, he has overseen all aspects of the investment management and trust department, including financial planning, investment management, estate/trust administration and planning, and retirement planning. In 2014, he was promoted to executive vice president, thereafter assuming broader bank leadership responsibilities. Salmen was elected to serve on the SNBT board of directors in 2020.
“Before coming to SNBT, I had opportunity to work for three different banks in the Midwest. Those banks all had different ownership structures, different philosophies, and therefore different cultures,” said Salmen. “Those experiences informed my deeply held belief in the unique and special nature of a true independent community bank. When I found those qualities in SNBT 22 years ago, I knew this is where I wanted to dedicate my career.”
Salmen holds a bachelor’s degree from Southwest Minnesota State University. He attended the Graduate School of Banking, earning distinctions for graduating in the top 5% of the 550 professionals enrolled and receiving the Prochnow Educational Foundation/Wisconsin Bankers Association Scholarship. He is a graduate of American Bankers Association National Trust School, the National Graduate Trust School, and WBA Leadership Development program. He is a Certified Trust and Financial Advisor and holds the Chartered Financial Analyst designation.
Salmen has led and served on boards for area non-profits and his church, coached children’s sports and taught Sunday School. He and his wife have three grown children and one grandchild.
The Stephenson National Bank & Trust is a 149-year old independent community bank with almost $1.5 billion in assets under management. Offices are located in Marinette, Wausaukee, Crivitz, Pembine, and Oconto, and Menominee, Michigan with a trust and investment office in Marquette, Michigan and a commercial loan services office in Green Bay. For more information about The Stephenson National Bank & Trust, visit snbt.com.
